CPSS

The Eurosystem policy response to developments in retail payments

Retrieved on: 
Wednesday, February 7, 2024

Retail payments are undergoing profound changes that are reshaping the European payments landscape.

Key Points: 
  • Retail payments are undergoing profound changes that are reshaping the European payments landscape.
  • The retail payments ecosystem and consumers’ attitudes and preferences are evolving and influencing one another.

CPS Announces $280.9 Million Senior Subordinate Asset-Backed Securitization

Retrieved on: 
Wednesday, January 24, 2024

LAS VEGAS, Nevada, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its first term securitization in 2024 on Wednesday, January 24, 2024.

Key Points: 
  • LAS VEGAS, Nevada, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its first term securitization in 2024 on Wednesday, January 24, 2024.
  • The transaction is CPS's 50th senior subordinate securitization since the beginning of 2011 and the 33rd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.
  • In the transaction, qualified institutional buyers purchased $280.9 million of asset-backed notes secured by $300.6 million in automobile receivables originated by CPS.
  • The sold notes, issued by CPS Auto Receivables Trust 2024-A, consist of five classes.

CPS Announces Third Quarter 2023 Earnings

Retrieved on: 
Thursday, November 9, 2023

Revenues for the third quarter of 2023 were $92.1 million, an increase of $1.8 million, or 2.0%, compared to $90.3 million for the third quarter of 2022.

Key Points: 
  • Revenues for the third quarter of 2023 were $92.1 million, an increase of $1.8 million, or 2.0%, compared to $90.3 million for the third quarter of 2022.
  • Total operating expenses for the third quarter of 2023 were $77.9 million compared to $56.0 million for the 2022 period.
  • Pretax income for the third quarter of 2023 was $14.2 million, compared to pretax income of $34.3 million in the third quarter of 2022.
  • During the third quarter of 2023, CPS purchased $322.4 million of new contracts compared to $318.4 million during the second quarter of 2023 and $468.2 million during the third quarter of 2022.

CPS Announces $286.1 Million Senior Subordinate Asset-Backed Securitization

Retrieved on: 
Tuesday, October 24, 2023

LAS VEGAS, Nevada, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its fourth term securitization in 2023 on Tuesday, October 24, 2023.

Key Points: 
  • LAS VEGAS, Nevada, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its fourth term securitization in 2023 on Tuesday, October 24, 2023.
  • The transaction is CPS's 49th senior subordinate securitization since the beginning of 2011 and the 32nd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.
  • In the transaction, qualified institutional buyers purchased $286.1 million of asset-backed notes secured by $306.7 million in automobile receivables originated by CPS.
  • The sold notes, issued by CPS Auto Receivables Trust 2023-D, consist of five classes.

Navitas Spotlights GaNSafe™: World’s Most-Protected GaN Power Semiconductor, at Premier China Electronics Conference

Retrieved on: 
Friday, October 20, 2023

TORRANCE, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) announced its continued sponsorship of the 2023 China Power Electronics and Energy Conversion Congress & the 26th China Power Supply Society (CPSS) Conference and Exhibition ( CPSSC 2023 ), revealing major next-generation gallium nitride (GaN) and silicon carbide (SiC) power semiconductor platforms, including GaNSafe™ - the world’s safest GaN power semiconductor.

Key Points: 
  • TORRANCE, Calif., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS) announced its continued sponsorship of the 2023 China Power Electronics and Energy Conversion Congress & the 26th China Power Supply Society (CPSS) Conference and Exhibition ( CPSSC 2023 ), revealing major next-generation gallium nitride (GaN) and silicon carbide (SiC) power semiconductor platforms, including GaNSafe™ - the world’s safest GaN power semiconductor.
  • Navitas is the technology and market leader in GaN, with over 100 million GaNFast™ power ICs shipped, and over 12 million GeneSiC™ power MOSFETs and diodes shipped into a $22 billion per year total market opportunity.
  • With GaNSafe, Navitas has optimized its 4th-generation GaN technology for demanding, high-power applications in data centers, solar / energy storage and EV markets, where efficiency, power density and robust & reliable operation are critical.
  • Visitors to the exhibition will discover ground-breaking technology demonstrations and complete power system platform designs at the Navitas booth.

CPS Announces Second Quarter 2023 Earnings

Retrieved on: 
Wednesday, August 2, 2023

Revenues for the second quarter of 2023 were $84.9 million, an increase of $2.9 million, or 3.5%, compared to $82.0 million for the second quarter of 2022.

Key Points: 
  • Revenues for the second quarter of 2023 were $84.9 million, an increase of $2.9 million, or 3.5%, compared to $82.0 million for the second quarter of 2022.
  • Pretax income for the second quarter of 2023 was $18.6 million compared to pretax income of $34.2 million in the second quarter of 2022.
  • During the second quarter of 2023, CPS purchased $318.4 million of new contracts compared to $415.2 million during the first quarter of 2023 and $548.1 million during the second quarter of 2022.
  • Annualized net charge-offs for the second quarter of 2023 were 6.29% of the average portfolio as compared to 3.51% for the second quarter of 2022.

CPS to Host Conference Call on Second Quarter 2023 Earnings

Retrieved on: 
Wednesday, August 2, 2023

LAS VEGAS, Nevada, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, August 3, 2023 at 3:00 p.m.

Key Points: 
  • LAS VEGAS, Nevada, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, August 3, 2023 at 3:00 p.m.
  • ET to discuss its second quarter 2023 operating results.
  • Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BI282f193943fc4b5fb5e1a6e02aea184c .
  • To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

CPS Announces $291.7 Million Senior Subordinate Asset-Backed Securitization

Retrieved on: 
Tuesday, July 25, 2023

LAS VEGAS, Nevada, July 25, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its third term securitization in 2023 on Tuesday, July 25, 2023.

Key Points: 
  • LAS VEGAS, Nevada, July 25, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its third term securitization in 2023 on Tuesday, July 25, 2023.
  • The transaction is CPS's 48th senior subordinate securitization since the beginning of 2011 and the 31st consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.
  • In the transaction, qualified institutional buyers purchased $291.7 million of asset-backed notes secured by $312.7 million in automobile receivables originated by CPS.
  • The sold notes, issued by CPS Auto Receivables Trust 2023-C, consist of five classes.

CPS Announces $332.9 Million Senior Subordinate Asset-Backed Securitization

Retrieved on: 
Thursday, April 27, 2023

LAS VEGAS, Nevada, April 27, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its second term securitization in 2023 on Wednesday, April 26, 2023.

Key Points: 
  • LAS VEGAS, Nevada, April 27, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its second term securitization in 2023 on Wednesday, April 26, 2023.
  • The transaction is CPS's 47th senior subordinate securitization since the beginning of 2011 and the 30th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.
  • In the transaction, qualified institutional buyers purchased $332.9 million of asset-backed notes secured by $369.9 million in automobile receivables originated by CPS.
  • The sold notes, issued by CPS Auto Receivables Trust 2023-B, consist of five classes.

CPS Announces First Quarter 2023 Earnings

Retrieved on: 
Wednesday, April 26, 2023

Revenues for the first quarter of 2023 were $83.1 million, an increase of $8.7 million, or 11.7%, compared to $74.4 million for the first quarter of 2022.

Key Points: 
  • Revenues for the first quarter of 2023 were $83.1 million, an increase of $8.7 million, or 11.7%, compared to $74.4 million for the first quarter of 2022.
  • Total operating expenses for the first quarter of 2023 were $64.7 million compared to $45.0 million for the 2022 period.
  • Pretax income for the first quarter of 2023 was $18.4 million compared to pretax income of $29.3 million in the first quarter of 2022.
  • During the first quarter of 2023, CPS purchased $415.2 million of new contracts compared to $428.1 million during the fourth quarter of 2022 and $410.0 million during the first quarter of 2022.